Bank of England backs down on strict stablecoin holding limits, sets $50 billion issuance cap

CoinDesk Staff

(10:48 AM UTC)

1 min read

The BOE reversed its plans to cap the amount of stablecoin individuals and businesses could hold, transact and transfer. (Unsplash)

Summary

The Bank of England scrapped its plan to cap individual and corporate stablecoin holdings and will instead temporarily limit the total circulation of any single systemic stablecoin to £40 billion.
Regulators cut the required share of non-interest-bearing central…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Comments